C.D. Howe Institute: As the sixth largest government in Canada, with a budget of over $11 billion annually, Toronto city hall should have its finances under better control
Toronto, August 19 – Toronto has a poor record of fiscal accountability that requires reforms to the city’s financial planning and reporting, according to a study released today by the C.D. Howe Institute. In “Unbalanced Books: How to Improve Toronto’s Fiscal Accountability,” authors Colin Busby, Benjamin Dachis and William B.P. Robson note that as Toronto gears up for a municipal election this fall, the city's poor record on fiscal accountability should be a central issue.
